Company Identification Details
|
Subject Reported on
|
TURNER BIANCA PLC
|
|
Registration Number
|
00473824
|
|
VAT Number
|
GB150197775
|
|
Address
|
BELL MILL, CLAREMONT STREET,
OLDHAM, LANCASHIRE, OL8 3EJ.
|
|
Telephone
|
0161 627 0045
|
|
Email
|
info@turner-bianca.com
|
|
Web Address
|
www.turner-bianca.co.uk
|
Creditline Recommendations
|
Monthly Credit Guide
|
GBP 475,000
|
Official Company Data
|
Legal Form
|
Public Limited Company
|
|
Registration Number
|
00473824
|
|
VAT Number
|
GB150197775
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
12/10/1949
|
|
Registered Office
|
BELL MILL, CLAREMONT STREET,
HATHERSHAW OLDHAM, LANCASHIRE,
OL8 3EJ.
|
|
History
|
21/08/1996 : Change
of name from J.E.TURNER AND SON LIMITED.
|
|
Date of Last
Annual Return to Registry
|
30/07/2010
|
|
Accounts
|
The last filed accounts at Companies House are those to 31/03/2010
|
|
Accounting
Reference Date
|
31/03
|
Operations
|
Activities
|
A group engaged in the source, design, manufacture and marketing of
home textiles.
|
|
Nace Code
|
5141
|
|
Premises
|
Owned, Offices, Warehouse
|
|
Staff Employed
|
288
|
|
Import Countries
|
ALL OVER THE WORLD
|
|
Export Countries
|
ALL OVER THE WORLD
|
|
Bankers
|
BCO SANTANDER
CENHIS
|
|
Address
|
LONDON - EURO.
|
|
Sort Code
|
161052
|
|
Auditors
|
Beever & Struthers
|
|
Branches
|
OFFICE AND WAREHOUSE
AT:, 19-20, ELDON WAY,
NORTHAMPTON.
|
|
|
BELL MILL, CLAREMONT
ST, OLDHAM, LANCASHIRE, OL8 3EJ.
|
|
Subsidiaries
|
BIANCA TEXTILES
LIMITED
|
|
|
BIANCA TRADING
COMPANY LIMITED
|
|
|
J.E. TURNER &
SON LIMITED
|
Historical Rating
|
Date
|
Monthly Credit Guide
|
|
21/01/2011
|
475,000
|
|
21/10/2010
|
475,000
|
|
21/07/2010
|
475,000
|
|
21/04/2010
|
475,000
|
|
21/01/2010
|
475,000
|
Public Record Information
|
Summary of CCJ's/Scottish Decrees
|
|
No CCJs/Scottish Decrees are recorded in
our file.
|
Summary of Mortgages, Charges and
Satisfactions
|
Total Number of Mortgages/Charges Registered
|
14
|
|
Number Outstanding
|
7
|
|
Number Partially Satisfied
|
0
|
|
Number Satisfied
|
7
|
|
|
|
|
Date of Latest Mortgage Created
|
26/07/2010
|
|
Date of Latest Satisfaction
|
17/07/1998
|
Details of most recent Mortgages, Charges
and Satisfactions
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
|
27/07/2010
|
26/07/2010
|
Legal Assignment
|
MG01
|
Hsbc Bank Plc
|
|
|
08/06/2010
|
04/06/2010
|
Fixed Charge On Non-Vesting Debts And Floating Charge
|
MG01
|
Hsbc Invoice Finance (Uk) Ltd ("The Security
Holder")
|
|
|
24/08/2000
|
09/08/2000
|
Legal Mortgage
|
395
|
Hsbc Bank Plc
|
|
|
03/10/1995
|
29/09/1995
|
Legal Charge
|
395
|
Midland Bank Plc
|
|
|
15/03/1995
|
14/03/1995
|
Legal Charge
|
395
|
Midland Bank Plc
|
|
17/07/1998
|
15/03/1995
|
13/03/1995
|
Legal Charge
|
395
|
The Hong Kong And Shanghai Banking
Corporation Limited
|
|
17/07/1998
|
15/03/1995
|
13/03/1995
|
Legal Charge
|
395
|
The Hong Kong And Shanghai Banking
Corporation Limited
|
|
|
08/03/1995
|
01/03/1995
|
Legal Charge
|
395
|
Midland Bank Plc
|
|
10/06/1998
|
28/02/1995
|
16/02/1995
|
Debenture
|
395
|
The Hong Kong And Shanghai Banking
Corporation Limited
|
|
|
23/02/1995
|
17/02/1995
|
Fixed And Floating Charge
|
395
|
Midland Bank Plc
|
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House.
|
Other Filings and Notices
|
01/12/2010
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
23/03/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
03/09/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
13/08/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
01/09/2000
|
Companies House Gazette
|
Change among directors of a company
|
|
30/12/1998
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
13/08/1996
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
22/05/1996
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
09/10/1991
|
Companies House Gazette
|
Change among directors of a company
|
|
03/07/1989
|
Companies House Gazette
|
Change among directors of a company
|
|
13/10/1988
|
Companies House Gazette
|
Change among directors of a company
|
|
30/01/1988
|
Companies House Gazette
|
Documents delivered by a company under section 241 (annual accounts)
|
Company Secretary
|
Secretary
|
MICHAEL ERNEST TRAVIS
|
|
Service Address
|
4 WOODSTOCK
DRIVE, TOTTINGTON, BURY, LANCASHIRE, BL8 4BW.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Appointment Date
|
18/11/1994
|
Directors
|
Director
|
MR RICHARD MAX BULLBROOK
|
|
Service
Address
|
12 LYNTON PARK ROAD, CHEADLE
HULME, CHEADLE, CHESHIRE,
SK8 6JA.
|
|
Country of
Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
08/07/1953
|
|
Appointment
Date
|
30/07/1991
|
|
Other
Directorships
|
J.E. TURNER
& SON LIMITED, BIANCA TEXTILES LIMITED, BIANCA TRADING
COMPANY LIMITED, THE COTTON AND LINEN COMPANY LIMITED, THE FINEST
LINENS COMPANY LIMITED
|
|
Director
|
MR MYLES KEITH WALMSLEY
|
|
Service
Address
|
29 LOWER CRIBDEN AVENUE, RAWTENSTALL,
LANCASHIRE, BB4 6SW.
|
|
Country of
Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
31/08/1952
|
|
Appointment
Date
|
30/07/1991
|
|
Other
Directorships
|
J.E. TURNER
& SON LIMITED, BIANCA TEXTILES LIMITED, BIANCA TRADING
COMPANY LIMITED, THE FINEST LINENS COMPANY LIMITED
|
|
Director
|
KEVIN RUTHERFORD
|
|
Service
Address
|
33 DOUGLAS ROAD, WORSLEY, MANCHESTER, M28
2SR.
|
|
Country of
Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
15/09/1958
|
|
Appointment
Date
|
01/09/2000
|
|
Other
Directorships
|
BIANCA
TEXTILES LIMITED
|
|
Director
|
MR JAMES WILSON YOUNG
|
|
Service
Address
|
29 TIVERTON
CLOSE, RADCLIFFE, MANCHESTER,
M26 3UJ.
|
|
Country of
Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
12/10/1954
|
|
Appointment
Date
|
01/09/2000
|
|
Other
Directorships
|
BIANCA
TEXTILES LIMITED
|
|
Director
|
MR JACK EDDIE TURNER
|
|
Service
Address
|
NETHERLEY, 1 SOUTH DOWNS DRIVE
HALE, ALTRINCHAM, WA14 3HR.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
15/08/1944
|
|
Appointment Date
|
30/07/1993
|
|
Other Directorships
|
J.E. TURNER & SON LIMITED, BIANCA TEXTILES LIMITED
|
|
Director
|
JOANNE RUTH BLOOMFIELD
|
|
Service Address
|
1 NUTHATCH
AVENUE, WORSLEY, MANCHESTER, M28 7AL.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
04/11/1965
|
|
Appointment Date
|
17/03/2003
|
|
Director
|
LEONARD PASHLEY
|
|
Service Address
|
23 OLIVER FOLD CLOSE, WORSLEY, MANCHESTER,
M28 1EL.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
21/11/1964
|
|
Appointment Date
|
01/02/2005
|
|
Director
|
PAUL JOHN FITZPATRICK
|
|
Service Address
|
4 WOODLEA, WORSLEY, LANCASHIRE,
M28 2BJ.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
04/03/1964
|
|
Appointment Date
|
01/02/2005
|
|
Director
|
MR DANIEL BULLBROOK
|
|
Service Address
|
BELL MILL, CLAREMONT STREET,
HATHERSHAW OLDHAM, LANCASHIRE,
OL8 3EJ.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
03/08/1978
|
|
Appointment Date
|
01/11/2010
|
Share Capital
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
1,177,000
|
|
Principal Shareholder
|
672,425 Jack Eddie Turner
|
|
|
265,336 Antoinette June Turner
|
|
|
121,539 KSL Trustees Ltd
|
|
|
121,539 R.M. Bullbrook
|
|
|
121,539 A.J. Turner
|
|
|
121,539 Jack Eddie Turner
|
|
|
117,700 Richard Max Bullbrook
|
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
|
Financial Data– Statutory
Accounts
Profit and Loss
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/03/2010
|
31/03/2009
|
31/03/2008
|
31/03/2007
|
|
Consolidated
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
SALES
|
79627
|
74388
|
67325
|
67379
|
|
Cost of goods sold
|
62931
|
56550
|
50562
|
52671
|
|
GROSS PROFIT
|
16696
|
17838
|
16763
|
14708
|
|
Wages and Salaries
|
7058
|
7593
|
6535
|
5990
|
|
Directors Emoluments
|
1194
|
1754
|
1060
|
858
|
|
Auditors Fees
|
29
|
28
|
28
|
26
|
|
Non-Audit Fees
|
10
|
9
|
11
|
13
|
|
Trading Profit
|
2395
|
4164
|
3536
|
1059
|
|
Depreciation
|
703
|
755
|
752
|
709
|
|
OPERATING PROFIT
|
1692
|
3409
|
2784
|
350
|
|
Non Trading Income
|
666
|
37
|
79
|
985
|
|
Interest Payable
|
147
|
236
|
471
|
559
|
|
PRE TAX PROFIT
|
2211
|
3210
|
2392
|
776
|
|
Taxation
|
530
|
949
|
805
|
292
|
|
PROFIT AFTER TAX
|
1681
|
2261
|
1587
|
484
|
|
Dividends Payable
|
650
|
135
|
|
225
|
|
RETAINED PROFITS
|
1031
|
2126
|
1587
|
259
|
Balance Sheet
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/03/2010
|
31/03/2009
|
31/03/2008
|
31/03/2007
|
|
Consolidated
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
TOTAL FIXED ASSETS
|
7438
|
7415
|
6660
|
6194
|
|
Tangible Assets
|
7438
|
7415
|
6660
|
6194
|
|
Fixed Assets
|
3847
|
3461
|
3855
|
3809
|
|
Intermediate assets
|
3591
|
3954
|
2805
|
2385
|
|
TOTAL CURRENT ASSETS
|
35078
|
30573
|
26746
|
23661
|
|
Trade debtors
|
17131
|
14920
|
13330
|
9813
|
|
Stocks
|
16407
|
13301
|
11217
|
11201
|
|
Other Current Assets
|
1540
|
2352
|
2199
|
2647
|
|
Misc Current Assets
|
892
|
1225
|
881
|
725
|
|
Due From Group
|
339
|
602
|
653
|
182
|
|
Cash
|
309
|
525
|
665
|
1740
|
|
TOTAL ASSETS
|
42516
|
37988
|
33406
|
29855
|
|
TOTAL CURRENT LIABILITIES
|
18139
|
14621
|
12233
|
10075
|
|
Trade creditors
|
3897
|
2252
|
3041
|
2570
|
|
Short Term Loans
|
8488
|
6487
|
4927
|
3925
|
|
Bank Overdraft
|
4022
|
3361
|
1037
|
|
|
Other Finance
|
372
|
324
|
344
|
382
|
|
Due To Group
|
2067
|
2619
|
2070
|
1500
|
|
Due To Directors
|
2027
|
183
|
1476
|
2043
|
|
Other Liabilities
|
5754
|
5882
|
4265
|
3580
|
|
WORKING CAPITAL
|
16939
|
15952
|
14513
|
13586
|
|
TOTAL LONG TERM LIABS
|
1532
|
1794
|
2047
|
2242
|
|
Long Term Loans
|
1532
|
92
|
2047
|
2242
|
|
Other Finance
|
27
|
92
|
147
|
74
|
|
Due To Group
|
1505
|
|
1900
|
2168
|
|
Other Liabilities
|
|
1702
|
|
|
|
NET ASSETS/(LIABILITIES)
|
22845
|
21573
|
19126
|
17538
|
|
SHARE CAPITAL + RESERVES
|
22845
|
21573
|
19126
|
17538
|
|
Share Cap + Sundry Res
|
1884
|
1643
|
1322
|
1322
|
|
Issued Share Capital
|
1177
|
1177
|
1177
|
1177
|
|
Sundry Reserves
|
707
|
466
|
145
|
145
|
|
Profit and Loss account
|
20961
|
19930
|
17804
|
16216
|
|
SHAREHOLDERS FUNDS
|
22845
|
21573
|
19126
|
17538
|
|
CAPITAL EMPLOYED
|
24377
|
23367
|
21173
|
19780
|
Financial Comparison
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/03/2010
|
31/03/2009
|
31/03/2008
|
31/03/2007
|
|
Consolidated
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
Net Cashflow from Oper.
|
1075
|
(480)
|
(752)
|
2404
|
|
Increase in Cash
|
(877)
|
(2464)
|
(2112)
|
792
|
|
Directors Remuneration
|
1194
|
1754
|
1060
|
858
|
|
Auditors Remuneration
|
29
|
28
|
28
|
26
|
|
Liquid Assets
|
17440
|
15445
|
13995
|
11553
|
|
Net Working Capital
|
16939
|
15952
|
14513
|
13586
|
|
Long Term Debt(>12 Months)
|
1532
|
92
|
2047
|
2242
|
|
Other Deferred Liabs
|
|
1702
|
|
|
|
Tangible Net Worth(T.N.W)
|
22845
|
21573
|
19126
|
17538
|
|
Equity
|
22845
|
21573
|
19126
|
17538
|
|
Number of Years Trading
|
61
|
60
|
59
|
58
|
|
Number of Employees
|
288
|
282
|
277
|
264
|
|
Profit per Employee
|
7677.1
|
11383
|
8635.4
|
2939.4
|
|
Sales per Employee
|
276482.6
|
263787.2
|
243050.5
|
255223.5
|
Key Credit Ratios
|
The following figures are shown as Ratios or Percentages
|
|
Accounts Date
|
31/03/2010
|
31/03/2009
|
31/03/2008
|
31/03/2007
|
|
Consolidated
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Current Ratio
|
1.9
|
2.1
|
2.2
|
2.3
|
|
Long Term Debt/T.N.W
|
0.1
|
|
0.1
|
0.1
|
|
Pre Tax Profit Margin%
|
2.8
|
4.3
|
3.6
|
1.2
|
|
Gross Profit%
|
21
|
24
|
24.9
|
21.8
|
|
Debtors Days (D.S.O)
|
79
|
73
|
72
|
53
|
|
Creditors Days (D.P.O)
|
18
|
11
|
16
|
14
|
|
Quick Ratio
|
1
|
1.2
|
1.3
|
1.2
|
|
W.I.P/Inventory Days
|
95.2
|
85.9
|
81
|
77.6
|
|
Return on Investment%
|
7.2
|
11.5
|
11
|
5.6
|
|
Return on Assets%
|
5.2
|
8.5
|
7.2
|
2.6
|
|
T.N.W/Total Assets%
|
53.7
|
56.8
|
57.3
|
58.7
|
|
Return on Capital%
|
9.1
|
13.7
|
11.3
|
3.9
|
|
Rtn on Shareholders Funds%
|
9.7
|
14.9
|
12.5
|
4.4
|
|
Working Capital/Sales%
|
21.3
|
21.4
|
21.6
|
20.2
|
|
Borrowing Ratio%
|
43.9
|
30.5
|
36.5
|
35.2
|
|
Equity Gearing%
|
116.1
|
131.4
|
133.9
|
142.4
|
|
Stock Turnover
|
4.9
|
5.6
|
6
|
6
|
|
Days Purchases Outstanding
|
22.6
|
14.5
|
22
|
17.8
|
|
Sales/Fixed Assets
|
20.7
|
21.5
|
17.5
|
17.7
|
|
Debt Gearing
|
6.7
|
0.4
|
10.7
|
12.8
|
Key Industry Sector Trends
|
Year
|
2010
|
2009
|
2008
|
2007
|
|
Sample Size
|
3052
|
11316
|
11648
|
11880
|
|
Pre-Tax Profit Margin
|
3.2
|
1.7
|
1.6
|
2.6
|
|
Current Ratio
|
1.8
|
1.7
|
1.6
|
1.6
|
|
Borrowing Ratio
|
37.9
|
54.9
|
59.3
|
58.4
|
|
Return on Capital
|
26.5
|
23.4
|
27.4
|
30.1
|
|
Creditors Days
|
49
|
81
|
69
|
82
|
|
Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Wholesale of household goods
|
Financial Summary
|
Auditors Qualification
|
|
The Auditors have expressed a clean opinion
(i.e. unqualified with no referrals) on the accounts for the period ended
31/03/2010.
|
|
Turnover
|
|
Turnover has increased from GBP
74,388,000 to GBP 79,627,000, a growth of 7 % in the period.
|
|
Operating Profit
|
|
Totalled GBP 1,692,000. In the year
prior a Profit of GBP 3,409,000 was achieved.
|
|
Pre Tax Profit
|
|
The subject's profit decreased by 31 %
over the previous year.
|
|
Working Capital
|
|
The subject's working capital has improved
by 987,000 in the period.
|
|
Net Worth
|
|
Net worth has increased by 6 % and now
stands at GBP 22,845,000.
|
|
Fixed Assets
|
|
The subject's fixed assets increased
during the year by GBP 23,000 to GBP 7,438,000 and are now 17 % of total assets
compared with 19 % in the previous year.
|
|
Long Term Liabilities
|
|
The company's long term liabilities
reduced during the period by 14 % and are now 7 % of net worth compared
with 8 % in the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are now 4 % of
total liabilities compared with 5 % in the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are 6 % of capital
employed, a decrease of 2 % over the previous period.
|
|
